Ethereum Records Significant Price Increase
On May 8, 2025, the price of Ethereum rose by over 7% to around $1960. This growth solidified the support level at approximately $1760, which represents an important base for investors.
Potential for a Trend Reversal
From a technical standpoint, Ethereum is still in a downtrend. However, the recent price increase could signal a trend reversal. To break this downtrend, Ethereum must exceed the local high of around $2080. This would mark the first “higher high” since December of the previous year.
An analyst known as Rekt Capital even forecasts that Ethereum could rise to as much as $2200 if it sustainably overcomes the current resistances. Mid-term, there is potential for a rally up to the $4000 mark, which is particularly interesting for crypto investors, as Ethereum has underperformed compared to Bitcoin so far.
Institutional Inflows Support Growth
The positive development is further supported by increasing institutional inflows. Spot Ether ETFs recently recorded the highest net inflow since February, confirming strong interest from large investors. This indicates a bullish sentiment, despite short-term technical hurdles such as bouncing off the moving average (50-day SMA).
Conclusion
- Ethereum increased by more than 7% to around $1960 and established $1760 as support.
- The key to a trend reversal lies in surpassing the local high at $2080.
- Analysts see opportunities for price gains of at least $2200.
- Institutional investments in Ether are on the rise.
- Mid-term upward potential up to about $4000 is being discussed.
This technical situation currently makes Ethereum a much-watched asset with prospects for a strong rally in the crypto market.